Top cricket venue nod for stadium
Cricket’s international governing body has described the $1.5 billion Optus Stadium as one of the most “impressive” in the world, lavishing plaudits on the venue ahead of its official opening this month. The West
NSW, WA want change to GST draft proposal
NSW and Western Australia have both urged the Productivity Commission to rethink aspects of its proposed recommendations to overhaul the GST, as momentum grows for Canberra to revisit the wider issue of federal-state finances. The Fin
ASIC wields culture club on directors
Bad culture is hurting the share price of our top companies, forcing boards to reassess their selection criteria for CEOs and introduce culture ‘‘audits’’ to stamp out potential problems. The Fin
Focus on cost of energy, not climate
The Minerals Council of Australia has called on Malcolm Turnbull to prioritise electricity cost and reliability over emissions reduction, in a submission to the federal government that underlines differences between its position on climate change and that of its biggest member, BHP Billiton. The Aus
Tech, infrastructure hottest jobs in 2018
Infrastructure and technology jobs will be the key drivers of wage growth in 2018, with recruitment firm Robert Half forecasting some salaries will jump by up to a third. The Fin
Rio could surprise on ore exports
Australia’s biggest iron ore exporter Rio Tinto looks set to surprise investors by meeting its 2017 export target, amid evidence shipping rates across the sector reached record highs in December. The Fin
NBN users snap up faster deals as capacity soars
The available capacity being sold by the National Broadband Network has surged more than 35 per cent just three weeks after cheaper deals were introduced, and sales of the second fastest speed package have rocketed sevenfold. The Aus
Upgrade to crank up hospital’s cardiac unit
WA’s biggest privately run cardiac unit will be expanded as part of a $15 million redevelopment of the Mount Hospital. The West
The Australian Financial Review
Page 1: Government taxes and credit restrictions have started to hit foreign buyer demand for residential property so hard in Australia that major developers are either pulling out of the apartment market altogether or, like Meriton’s Harry Triguboff, are left grappling with Chinese investors who can’t settle on pre-sold apartments.
Australia’s big four banks have raised $9 billion in the first 10 days of the year, taking advantage of the most favourable conditions in capital markets since the financial crisis.
Page 3: Bad culture is hurting the share price of our top companies, forcing boards to reassess their selection criteria for CEOs and introduce culture ‘‘audits’’ to stamp out potential problems.
Page 4: Infrastructure and technology jobs will be the key drivers of wage growth in 2018, with recruitment firm Robert Half forecasting some salaries will jump by up to a third.
Page 5: NSW and Western Australia have both urged the Productivity Commission to rethink aspects of its proposed recommendations to overhaul the GST, as momentum grows for Canberra to revisit the wider issue of federal-state finances.
The nation’s biggest miners have revived a push for the federal government to overhaul ‘‘rigid’’ industrial relations laws they say block efficient management and innovation in Australia’s resources sector.
Page 6: The Australian Taxation Office is consulting with tax experts and lawyers to help it identify and track cryptocurrency transactions to ensure all taxes are being paid.
Page 13: New QBE chief executive Pat Regan has been in the top job for less than two weeks but the ‘‘turnaround king’’ is already making changes to the struggling insurer’s leadership team.
Australia’s biggest iron ore exporter Rio Tinto looks set to surprise investors by meeting its 2017 export target, amid evidence shipping rates across the sector reached record highs in December.
Page 15: Heavily shorted graphite miner Syrah Resources has hit a speed bump in its plans to develop a beneficiation plant in Louisiana that would give it better access to lucrative battery markets.
Karoon Gas has finally sealed a deal to bring a partner into its exploration venture off Peru, signing up experienced Britain-based Tullow Oil to help fund drilling.
The Australian
Page 1: Company tax cuts bring benefits to people at all income levels, an OECD study has found, and do not unfairly favour the rich.
Page 3: The available capacity being sold by the National Broadband Network has surged more than 35 per cent just three weeks after cheaper deals were introduced, and sales of the second fastest speed package have rocketed sevenfold.
Page 6: A $2 million shake-up to turn politicians’ taxpayer-funded car booking service into a “cloud-based” scheme has divided its high-profile passengers, but one MP says making Comcar function more like Uber would only be a good thing.
Page 13: The Minerals Council of Australia has called on Malcolm Turnbull to prioritise electricity cost and reliability over emissions reduction, in a submission to the federal government that underlines differences between its position on climate change and that of its biggest member, BHP Billiton.
Shares in imaging firm Kodak skyrocketed yesterday after the 130-year-old company announced its own “photo-centric cryptocurrency”, a blockchain-based token for photographers dubbed KodakCoin.
Page 14: Samsung Electronics spent more on capital expenditures last year than any other publicly traded company, highlighting how technology and telecommunications firms are driving an uptick in manufacturing investment.
The West Australian
Page 3: Cricket’s international governing body has described the $1.5 billion Optus Stadium as one of the most “impressive” in the world, lavishing plaudits on the venue ahead of its official opening this month.
Page 9: Uber has hit back at a decision not to allow its drivers near Optus Stadium with a survey showing three-quarters of customers want the service to be allowed to operate in the precinct.
Page 10: Negotiations between the State and Federal governments over future funding for remote housing have broken down with calls for WA to put money on the negotiating table.
Page 12: A veteran publican wants a group of troublemakers to show some maturity and respect if they want to return to the heritage-listed Windsor Hotel.
A $5 billion assistance package would be needed to compensate other States if the Federal Government moved to a fairer model of GST distribution, the State’s Chamber of Commerce and Industry claims.
Page 15: WA’s biggest privately run cardiac unit will be expanded as part of a $15 million redevelopment of the Mount Hospital.
Business: Shares in Kerry Stokes-backed BCI Minerals jumped yesterday after the explorer foreshadowed a possible joint venture deal with Chinese steelmaking giant Sinosteel over its $1 billion Buckland iron ore project in the Pilbara.
Fresh bonanza drilling results at Breaker Resources’ Lake Roe gold project has boosted hopes for a 1Moz-plus inventory when the explorer releases its maiden resource later this quarter.
Lucapa Diamond Company is expected to emerge from a trading halt this morning to report promising drilling results from its Brooking diamond project in the Kimberley.
